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May 17, 2013
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not start paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. maybe even a hashtag. you would think it would be front page news on every website. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest projected deficits since 2008, trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long-term deficits is rising health care costs and -- get thi
not start paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. maybe even a hashtag. you would think it would be front page news on every website. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report...
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May 18, 2013
05/13
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i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other things, scandal things talking about in washington. if we were talking about those things, i can assure you democrats would be talking about the other two. thanks, guys. >> coming up. u 8 >>> partisanship and the inability of our elected leaders to put our prosperity ahead of politics paralyzed washington and that paralysis brought us debt debacles, sequesters, fiscal cliffs and it has gotten so bad olympia snow decided last year she could serve no more. she has a new book fighting for common ground, a memoir of her career. when i sat down with her i asked her point-blank what is wrong with these people i
i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other...
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May 14, 2013
05/13
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now. >> congratulations on that interview. that was riveting. >> thanks. >> thanks to you at home, as well, for staying with us for the next hour. on one of those news days where a lot of very big news broke only to be stepped on by the next big thing breaking a few minutes later. today, for example, a man was into custody in detroit after a pressure cooker was found i
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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May 15, 2013
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. >>> $200 billion in deficit just vanished. and scott la cruz said politicians and committees had nothing to do with it. >> good morning. all of that fighting over the sequester, spending cuts and we cut the deficit by rethinking the math. the congressional budget office which is nonpartisan said the deficit will fall by $200 billion thanks in part to a growing economy and recent tax hikes. the new estimates give washington much more breathing room pushing fights like the debt ceiling off for months. washington still spends far more than it has. and in hot for the past year to the tune of trillions but for some, this is more evidence of a recovering economy and not spending cut which is may be best for america. >>> the european economy meanwhile in trouble. france says it's fallen back in recession. germany barely posted growth for the quarter. so when you mix all the euro countries together as a group, they've been in recession for a year and a half now. >>> markets hit another record tuesday. you mentioned tesla. it's an all-
. >>> $200 billion in deficit just vanished. and scott la cruz said politicians and committees had nothing to do with it. >> good morning. all of that fighting over the sequester, spending cuts and we cut the deficit by rethinking the math. the congressional budget office which is nonpartisan said the deficit will fall by $200 billion thanks in part to a growing economy and recent tax hikes. the new estimates give washington much more breathing room pushing fights like the debt...
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May 12, 2013
05/13
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it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the economy will start recovering and interest rates will go through the roof and it will make the susequester look like a sunday afternoon walk in the park. >> so here's the question, will too much government belt tightening threaten the fragile u.s. recovery? and what can the u.s. learn from europe and its crisis? peter is an economist and professor at the university of maryland school of business. richard quest is the host of quest means business on cnn international. thank you for joining me. peter, let me start with you. you say it's too late. austerity measures in euro
it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the...
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May 15, 2013
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 19, 2013
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i still think that's too high and that the deficit hysteria has been overhyped and we're probably going to see a surplus. >> we should know that we're on the cusp of the next industrial revolution. you look at the u.s. and look back to the mill girls in lawrence and lowell, back to henry ford and mass production and now we're looking forward to kus omization and the changes in innovation and machinery and advancement in manufacturing, especially in apparel that are happening. so we look forward to that change in the next industrial revolution. >> i know i got a reference to lowell, mass and michael dukakis. successful day for me. thanks to chaumtoli huq. karl smith of the model behavior blog at forbes.com and brenna schneider. thanks for getting up and thank you for joining us. we'll be back next weekend, saturday and sunday at 8:00 a.m. eastern time. guests include author michael hastings. up next is melissa harris-perry. on today's mph, angelina jolie sparked a national conversation about breast cancer. the corporate interests and disparity in access not so fortunate as ms. jolie. pre
i still think that's too high and that the deficit hysteria has been overhyped and we're probably going to see a surplus. >> we should know that we're on the cusp of the next industrial revolution. you look at the u.s. and look back to the mill girls in lawrence and lowell, back to henry ford and mass production and now we're looking forward to kus omization and the changes in innovation and machinery and advancement in manufacturing, especially in apparel that are happening. so we look...
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May 19, 2013
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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May 19, 2013
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overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got republicans who can be focusing on other things and not the things going in the president's direction. >> right, you know, absolutely. it gives them an opportunity to kind of take the political offensive, and as i said, to mobilize their base. but there is an opportunity. there is a desire on the public to see things get done, particularly on the deficit, the debt, economic growth. those kind of issues. to the extent they're seeing us focus solely on this, there is cost. and politically, you know, your numbers, it's kind of a fascinating subcurrent which is that the grubs at the core of this new oba
overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got...
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May 16, 2013
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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May 18, 2013
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we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what did help slink the deficits. tax heights on the wealthy americans an obama care. joining us with the rapid response are my guests. great to have you all with us. mike, why aren't the republicans talking about the deficit anymore? >> well it's bad news. look this is terrible news, ed. the only way to analyze the deficit to look at the ratio. u's called the gdp to debt ratio. obama came in with the 10% to debt to gdp ratio. he has it down to 4%. they sate's going to down to 2%. those are not great talking points for republicans. >> david does the massive deficit debt reduction hurt job growth. >> we would be much better off i
we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what...
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May 16, 2013
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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my ministers first priority will be to reduce the deficit and restore economic stability at the same time the creek is set to get a five billion pound pay rise this year thirty six point one million pounds from the u.k. taxpayer will go towards the queen and her residence says her royal chefs and cost an estimated ten million pounds a year thirty six million is divided into money which runs on. well household the queen and the duke of edinburgh most of it goes on salaries also on the upkeep palaces such as buckingham palace windsor castle and all royal trouble at home and abroad the british monarchy has become synonymous with the image of britain because it is the world's most high profile maliki the queen of ages seven and the duke of edinburgh at ninety one all remarkable examples of public service and of national unity but the cost to the public purse rises steadily as austerity sets in the five million pound increase in the queen's expenses from the states represents a fifteen percent rise vital services are being lost while the queen gets this big pay rise i think it's very unfa
my ministers first priority will be to reduce the deficit and restore economic stability at the same time the creek is set to get a five billion pound pay rise this year thirty six point one million pounds from the u.k. taxpayer will go towards the queen and her residence says her royal chefs and cost an estimated ten million pounds a year thirty six million is divided into money which runs on. well household the queen and the duke of edinburgh most of it goes on salaries also on the upkeep...
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May 15, 2013
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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people in march the biggest source of public anger it's also scratched hopes of cutting the budget deficit to three percent of g.d.p. by two thousand and thirteen and the european commission's most recent forecast shows frasse will be in recession until the end of the year the seventy five percent income tax on the super rich is also a no go after france's constitutional court overruled it on the very talk of it pushed french actor gerard depardieu to give up his citizenship for a law should one one promise along to didn't that it's to keep is legalizing gay marriage pleasing supporters it also sparking fierce consultation. i think we've all. seen people happy with gay marriage but it doesn't feed our families it doesn't give us food there are realities that are good to say but there are also priorities a priority is employment we need to eat it is obvious is it to blame. if you're the. president immediately. into the economy one hundred one anyway i just would like to hear your president which is not making that mr romney which is keeping some kid on which is not going to explain that you
people in march the biggest source of public anger it's also scratched hopes of cutting the budget deficit to three percent of g.d.p. by two thousand and thirteen and the european commission's most recent forecast shows frasse will be in recession until the end of the year the seventy five percent income tax on the super rich is also a no go after france's constitutional court overruled it on the very talk of it pushed french actor gerard depardieu to give up his citizenship for a law should...
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May 13, 2013
05/13
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another part of shrinking the deficit is not just tied to cutting government spending. you look at the number of unemployed in the country and that is a real drag onotomy. as the economy grows that is another part of shrinking that monster, if you will. >> chris: governor, let's address your personal scandal. what did you learn interes fro? >> you learn ar a lot. i would say that you probably learn more in the valleys of life than you do in the mountain tops. learned whole new you things that i never comprehended before with regard to god's grace and the reflective grace that comes through other humans that you walk with on a daily basis. i learned a lot about judgment and forgiveness. i could go down a litany of different things but i boil it down this way. our minister gave a great sermon a number of months back and his point was do the events of your life refine or define your life. i think in politics people want to take an event and make it definitional to your life. i think that any of these valles or any of these bumps that we hit in the road of life by circumsta
another part of shrinking the deficit is not just tied to cutting government spending. you look at the number of unemployed in the country and that is a real drag onotomy. as the economy grows that is another part of shrinking that monster, if you will. >> chris: governor, let's address your personal scandal. what did you learn interes fro? >> you learn ar a lot. i would say that you probably learn more in the valleys of life than you do in the mountain tops. learned whole new you...
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May 16, 2013
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 15, 2013
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deficit is shrinking more quickly than previously thought. the nonpartisan budget watchdog says revenue growth will out-pace spending over the next two years. the cbo is slashing its deficit forecast for fiscal 2014 to $642 billion. it's the smallest shortfall since 2008. they're citing rising personal income tax revenues and higher dividend payments by the likes of fannie mae and freddie mac. dan, how important is their assessment? >> well, it's very important for treasury yields. in the first part of the year, we had them go above 2% as economic growth looked strong, a bit down, but now we're moving in that direction again. but what may be a limit on them is exactly this -- the treasury isn't going to be issuing as much debt because the budget deficit's falling. the fed in the meantime is still buying a lot of treasuries, so you're starting to run into a demand and supply imbalance, where there's maybe not quite enough debt out there, if you will. we talk about having too much debt. maybe we don't have enough, and that will probably keep a
deficit is shrinking more quickly than previously thought. the nonpartisan budget watchdog says revenue growth will out-pace spending over the next two years. the cbo is slashing its deficit forecast for fiscal 2014 to $642 billion. it's the smallest shortfall since 2008. they're citing rising personal income tax revenues and higher dividend payments by the likes of fannie mae and freddie mac. dan, how important is their assessment? >> well, it's very important for treasury yields. in the...
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May 15, 2013
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the federal deficit is now projected to come in well below what was estimated just a few months ago but it is 642 billion john pillow its estimate. >>> now they are having concerns about the bay bridge and they are grilling them about the bad bolts on the span. they want to know why they are using bolts which have been banned due to the risk they could crack. they are working on fixing the problem and one project manager said quote, the bay bridge still has a fighting chance to open this year. >>> train 102 about an hour ago hit a pedestrian in san bruno during during the right-of-way and they did stop all service at one time and now they have single tracking and the train that was involved is still on the scene, so it is causing major delays alls pass years have been interviewed and transit police according to caltrans on that tweet. >>> let's take a look at a picture involving a crash with a motorcycle and you can see the man was trapped underneath and traffic is backed up for at least a mile and look at the g through and if you are tt coming from 880, this is an unexpected advantage
the federal deficit is now projected to come in well below what was estimated just a few months ago but it is 642 billion john pillow its estimate. >>> now they are having concerns about the bay bridge and they are grilling them about the bad bolts on the span. they want to know why they are using bolts which have been banned due to the risk they could crack. they are working on fixing the problem and one project manager said quote, the bay bridge still has a fighting chance to open...
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May 15, 2013
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let's not put immigration and let's not put deficit reduction on the back burner. >> the deficit will be down 2.1% of gdp by 2015 which is well within the range that economists think it should be. the hatred of the president, and chris is right about this. much of it is rooted in race i. it is so intense that there is no interest in dealing with these other issues. also, republicans are deeply divided on everything except trying to repeal the affordable care act which isn't going to happen. so they'll focus on the scandals. a way for boehner, for mccould not to appease the tea party. and i think you asked a smart question. i think this could come back and bite the republicans politically. look back to 1998 when there was an intense effort to impeach president clinton. the democrats went out there in the mid-term and said, impeachment, scandals, it is all they're talking about. we ought to be talking about education, social security, the environment which were the real issues at that time. and the republicans got spanked badly in that mid-term election. the democrats defied history and
let's not put immigration and let's not put deficit reduction on the back burner. >> the deficit will be down 2.1% of gdp by 2015 which is well within the range that economists think it should be. the hatred of the president, and chris is right about this. much of it is rooted in race i. it is so intense that there is no interest in dealing with these other issues. also, republicans are deeply divided on everything except trying to repeal the affordable care act which isn't going to...
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May 16, 2013
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budget deficit is declining faster than expected. the congressional budget office says the deficit is expected to shrink to $642 billion in the fiscal year ending september 30 down by more than $200 billion from the agency's estimate just three months ago. but not all is rosie. here's jill schlesinger, cbs news senior business analyst. so jill, why did the deficit projection narrow by so much? >> reporter: you know, after four years of trillion-plus dollar deficit, this year's drop is due to higher-than- expected tax receipts. now, remember, we had a big tax increase so a lot of taxpayers chose to pay taxes late in 2012 before rates went up in 2013. a little extra money for the government. okay. then we also had amazingly a $95 billion dividend payment from both fannie mae and freddie mac, so that was a good news factor. and then we also had the government spending less money $85 billion on the sequester. put it all together, we have better-than-expected news on the deficit for this fiscal year. >> well, it seems like a little progre
budget deficit is declining faster than expected. the congressional budget office says the deficit is expected to shrink to $642 billion in the fiscal year ending september 30 down by more than $200 billion from the agency's estimate just three months ago. but not all is rosie. here's jill schlesinger, cbs news senior business analyst. so jill, why did the deficit projection narrow by so much? >> reporter: you know, after four years of trillion-plus dollar deficit, this year's drop is due...
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. >>> america's deficit is dropping faster than expected. >>> plus, o.j. simpson finally takes the stand today in court. >>> and america's navy takes a major step forward, introducing pilotless drones to our mighty aircraft carriers. [ female announcer ] are you sensitive to dairy? then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] >>> now to some other stories making news this morning. the leaders of the independent panel on the attack in benghazi will publicly testify before congress. thomas pickering and former joint chiefs admiral, mike mullen, will answer questions from republicans who called their findings flawed. pickering says criticism o
. >>> america's deficit is dropping faster than expected. >>> plus, o.j. simpson finally takes the stand today in court. >>> and america's navy takes a major step forward, introducing pilotless drones to our mighty aircraft carriers. [ female announcer ] are you sensitive to dairy? then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. [ agent...
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May 13, 2013
05/13
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because we have seen our deficits start reducing because a lot of tax receipts came in. if this is a trend that continues you will see the treasury auctions less and less securities so the fed will have to shift their purchases right now. if there is any kind of focus given where a lot of the corporate numbers and buy backs and cash is, and how the economy is starting to pick up steam. i don't think ben bernanke and powers that be are focused. if anything happens once you start seeing sell off you will see that cash rotating towards the economy market quick. >> and as mary was saying we're not seeing an undue amount of concern. >> the president addressed the growing irs situation. giving more scrutiny to those linked to conservative groups. let's get down. john, come out and said this is unacceptable. what's the next step in the story. took a different tack on two controversies. he said look. this is a political circus. it's a side show. he said he's not going to tolerate it. here is the president. >> if you have got the irs operating in anything less than neutral and no
because we have seen our deficits start reducing because a lot of tax receipts came in. if this is a trend that continues you will see the treasury auctions less and less securities so the fed will have to shift their purchases right now. if there is any kind of focus given where a lot of the corporate numbers and buy backs and cash is, and how the economy is starting to pick up steam. i don't think ben bernanke and powers that be are focused. if anything happens once you start seeing sell off...
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May 15, 2013
05/13
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the cbo expects a deficit for the 2013 fiscal year. it's more than $200 billion lower than the previous estimate just three months ago. the adjustment reflects new revenue, thanks from changes in tax laws and increase in payments from fannie mae and freddie mac. the cbo's current projection would mark the lowest deficit yet under president obama. >>> another u.s. service member assigned to a military sexual assault program under investigation for sexual misconduct. the pentagon says a u.s. army sergeant could face charges for solicitation abusive sexual contact, assault and treatment of subordinate. the soldier allegedly forced one subordinate soldier into prostitution and physically assaulted two others. the report comes a week after an air force lieutenant colonel working in the sexual assault prevention office was arrested and accused of sexual battery. >>> a day after being convicted for some of the worst crimes you can imagine, dr. kermit gosnell has avoided life in prison. he was found guilty of the deaths of three babies at his
the cbo expects a deficit for the 2013 fiscal year. it's more than $200 billion lower than the previous estimate just three months ago. the adjustment reflects new revenue, thanks from changes in tax laws and increase in payments from fannie mae and freddie mac. the cbo's current projection would mark the lowest deficit yet under president obama. >>> another u.s. service member assigned to a military sexual assault program under investigation for sexual misconduct. the pentagon says a...
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May 16, 2013
05/13
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FBC
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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May 18, 2013
05/13
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FBC
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instead of what you are concluding your reported it would reduce the deficit by $2.5 trillion? >> i sent six months months on this report. the methodology is about 30 pages long. any person can look at my detail of my analysis. mr. egan has a press release of study he might do. difficult to assess what he is talking about because it's so hidden and minimal. one thing i can say about that is his study basically concludes that an immigrant with an ph.d. and one with a fourth grade education has an equal effect of reducing the deficit in government. that is not only wrong but it's stupid. the reality that a high skilled immigrant, one with a college education pays about $30,000 more in taxes than they take in benefits. a low educated immigrant one with high school degree or less does exactly the opposite. though will take about $30,000 more in benefits than they pay in taxes. the essence of this bill is saying that it's going to take 11.5 million illegal immigrants that on average education of tenth grade and giving them access to 80 different welfare programs, obamacare which is
instead of what you are concluding your reported it would reduce the deficit by $2.5 trillion? >> i sent six months months on this report. the methodology is about 30 pages long. any person can look at my detail of my analysis. mr. egan has a press release of study he might do. difficult to assess what he is talking about because it's so hidden and minimal. one thing i can say about that is his study basically concludes that an immigrant with an ph.d. and one with a fourth grade education...
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May 16, 2013
05/13
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they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the department of housing and urban development have left thousands of low income families struggling to get a place to live. >> getting kids like clamari in to head start is going to be more difficult. because of budget cuts, places like this are taking less kids the next school year. >> thousands of meals may be cut. the director says it comes at a time when donations are already down. >> it's real stuff, congresswoman. >> that's right. and it's really staggering. i've been out in my district where we have worker who is are facing furloughs, we ha
they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the...
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May 17, 2013
05/13
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. >>> and while congress has failed to come to terms on legislation in terms of guns and the deficit, immigration reform may not suffer the same fate. the so-called gang of eight's proposal has made it through a third round of senate committee hearings mostly in tact. the committee is considering more than 300 amendments to the bill. meanwhile, in the house, lawmakers reached an agreement in principle on a proposal. the plan is to be more conservative than the senates but will still contain a pathway to citizenship. >>> to business, tim cook says he'll propose a dramatic simplification of tax laws when he heads to washington next week. let's check in with steve sedgwick. what's the word on the street? >> this is fascinating. tim cook of apple is joined by many ceos over there. they have trillions of dollars overseas. they can't bring it back without huge tax bills. he's going up to say, if you want this money to create jobs state side, you have to give us simpler tax bills. dell, a big decrease in revenue this is time around. it saw a huge decrease in shipments in the first quarter. g
. >>> and while congress has failed to come to terms on legislation in terms of guns and the deficit, immigration reform may not suffer the same fate. the so-called gang of eight's proposal has made it through a third round of senate committee hearings mostly in tact. the committee is considering more than 300 amendments to the bill. meanwhile, in the house, lawmakers reached an agreement in principle on a proposal. the plan is to be more conservative than the senates but will still...
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May 15, 2013
05/13
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. lovely read susan. may i read something? yes, please. of course. a rich, never bitter taste cup after cup. 340 grams. [ sighs ] [ male announcer ] always rich, never bitter. gevalia. >>> it may seem hard to believe that you're not experiencing day sha 52 h
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for...
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May 14, 2013
05/13
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deficit. it's now $200 billion smaller than it was estimated just in february, $642 billion is the projection for the current fiscal year. that's 4% of gross domestic product, which is less than half in both dollar terms and percentage of gdp than it was in 2009, the first year of president obama's presidency. this shows that because of better than expected revenue, slower than expected growth in spending, in part because health care costs are slowing, the deficit is going to fall to 2.1% of gdp in 2015. so, we've had a lot of concern that we've discussed for years about the size of the u.s. deficit. it is now coming down pretty rapidly, bill. >> you know, it's symptomatic of our new normal here. we consider $3 gasoline cheap and we think $642 billion deficit is low. >> but as a percentage -- >> you know what i'm saying. >> yes, i do. but the historical standard -- >> john, does that mean that the gdp is expected to shrink -- >> what's that? >> when we talk about these percentages as a functio
deficit. it's now $200 billion smaller than it was estimated just in february, $642 billion is the projection for the current fiscal year. that's 4% of gross domestic product, which is less than half in both dollar terms and percentage of gdp than it was in 2009, the first year of president obama's presidency. this shows that because of better than expected revenue, slower than expected growth in spending, in part because health care costs are slowing, the deficit is going to fall to 2.1% of...